Semiconductor analysts are concerned expectations for AMD’s data center unit may be too high. Investors will get a key update on chip maker’s businesses after the market close.
The Wall Street consensus is that Advanced Micro Devices will report September quarter revenue of $5.7 billion with adjusted earnings per share of 68 cents. Analysts’ estimates for the current quarter’s revenue is $6.4 billion with EPS of 89 cents. Last week, Intel posted third-quarter financial results above Wall Street estimates but the company’s data-center revenue missed analysts’ consensus.On Monday, Susquehanna analyst Christopher Rolland analyst reaffirmed his Positive rating on AMD but cautioned about forecasts for next year.The analysts cited some checks with customers, which suggested sales of AMD’s server chips may be hurt by budget shifts at corporations increasing their AI-related infrastructure purchases.
AMD shares were down 16% over the last three months. The iShares Semiconductor ETF , which tracks the performance of the ICE Semiconductor Index, has declined 18% for the same period.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Bron: CNBC - 🏆 12. / 72 Lees verder »
Bron: CNBC - 🏆 12. / 72 Lees verder »
Bron: MarketWatch - 🏆 3. / 97 Lees verder »
Bron: CNBC - 🏆 12. / 72 Lees verder »